NOT LISTED FOR SALE
9 Beds
9 Baths
4,422 Sq Ft
9,424 Sq Ft Lot

Sale Details

Date Sold: December 19, 2023

Last sale price $1,185,000 $268 Per Sq Ft

15 Days on Market

Highlights

  • 1-Story Property
  • Central Air
  • Heating Available

About This Home

As of December 2023

Investors are you looking to expand your portfolio or engage in a 1031 exchange? This is an exceptional investment opportunity in Fresno, CA. This is a 9-unit apartment complex with a 5.5 cap rate. These are 1 bedroom/1 bath units. Some of the tenants have been there for 14 years. The complex consists of 3 buildings and laundry room/storage room. Washer/dryer not in operation at this time. Respecting the privacy of our tenants is important. To ensure their convenience and comfort, we kindly request that interested parties refrain from walking the grounds or disturbing their privacy. Buyer to cooperate with sellers 1031 exchange at no cost to buyer.

Last Agent to Sell the Property

Michael Phillips

Bekk, Inc. License #01063995 Listed on: 10/31/2023

Co-Listed By

Wendy Going

Bekk, Inc. License #01502941

Last Buyer's Agent

Nonmember Nonmember

Nonmember

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 9,424 Sq Ft Lot

Parking

  • Carport

Home Design

  • Block Exterior
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,422 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, water, sewer

Community Details

Overview

  • 3 Buildings
  • 9 Units

Building Details

  • Gross Income $95,640

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

9,424 Sq Ft Lot

Listing Details

  • Type: Multi Family
  • Property Sub Type: 5 to 15 Units
  • Price Per Square Foot: 267.98
  • Year Built Exception: 0
  • Stories: One
  • Unique Conditions: 1031 Exchange
  • Special Features: None
  • Year Built: 1956

Interior Features

  • Fireplace: None
  • Bathrooms: 9.00
  • Bedrooms: 9
  • Square Footage: 4422.00

Exterior Features

  • Roofing: Other
  • Exterior: Block
  • Foundation: Concrete Perimeter

Garage/Parking

  • Additional Parking: Carport

Utilities

  • Gas And Electric: Public Utilities
  • Sewer/Water: Public Water, Public Sewer
  • Heat/Cool: Central Heat/Cool, Floor or Wall Heat, Window or Wall A/C

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Acres: 0.2163
  • Lot Measurement: Square Feet
  • Lot Size Sq Ft: 9424.00
  • Price Per Acre: 5478502.08

Building Info

  • Year Built: 1956

Rental Info

  • TenantPays: All Utilities, Electricity, Gas, Water, Sewer

Multi Family

  • Annual Income: 95640.00
  • IncomeIncludes: Unit Rent
  • Total Units: 9

MLS Schools

  • School District 2: Fresno Unified

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2024
Sold by
Bought by

Purchase Details

Listed on
Oct 31, 2023
Closed on
Dec 12, 2023
Sold by
Bought by
Seller's Agent
Michael Phillips
Bekk, Inc.
Buyer's Agent
Nonmember Nonmember
Nonmember
List Price
$1,300,000
Sold Price
$1,185,000
Premium/Discount to List
-$115,000
-8.85%
Views
25

Purchase Details

Closed on
Jan 29, 2014
Sold by
Bought by

Purchase Details

Closed on
Feb 9, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 16, 2009
Sold by
Bought by

Purchase Details

Closed on
Jan 5, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 1, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 9, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
0.0576%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,185,000 Chicago Title
-- None Available
-- First American Title Company
$100,000 Accommodation
$100,000 Accommodation
$100,000 Accommodation
$305,000 Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $228,700
Previous Owner $225,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/19/2023 12/19/23 Sold $1,185,000 -8.8% $268 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
10/31/2023 10/31/23 For Sale $1,300,000 -- $294 / Sq Ft
Source: Fresno MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,755 $1,208,700 $66,300 $1,142,400
2023 $15,157 $271,055 $61,880 $209,175
2022 $3,533 $265,741 $60,667 $205,074
2021 $3,439 $260,531 $59,478 $201,053
2020 $3,425 $257,861 $58,869 $198,992
2019 $3,297 $252,806 $57,715 $195,091
2018 $3,228 $247,850 $56,584 $191,266
2017 $3,174 $242,991 $55,475 $187,516
2016 $3,073 $238,228 $54,388 $183,840
2015 $3,028 $234,651 $53,572 $181,079
2014 $2,958 $230,055 $52,523 $177,532
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Fresno MLS

MLS Number: 604096

Fresno MLS
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